Retail Sector Crunch: Nationalise To Save Jobs
Toys R Us plans to close a third of its stores. Asda wants to downgrade hundreds of shopfloor supervisors. Britain’s largest tobacco distributor Palmer & Harvey has gone into administration.
These recent announcements will ring alarm bells for retail workers worried for their futures amid signs that consumer spending in general is slowing down.
The closure of at least 26 Toys R Us outlets threatens 800 jobs. Asda’s pay cut would affect 842 ‘section leaders’. And the administrators have already made 2,500 Palmer & Harvey staff redundant, with a further 900 threatened.
This story is from the Issue 975, 14 December 2017 - 3 January 2018 edition of The Socialist.
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This story is from the Issue 975, 14 December 2017 - 3 January 2018 edition of The Socialist.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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